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Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that it would not start new round of bidding for coal import on spot for three months until revised mechanism is approved.
This was conveyed by the Company’s CEO Li Xin in a letter to Registrar Nepra, wherein the issues related to procurement of coal spot were discussed.
The company has been successfully using Afghan coal for almost four months now as requested by the Ministry of Energy (Power Division) and the total procurement made till October 11, 2022 in this respect is 448,273 tons.
The CEO HSR stated that Power Division has held one meeting and directed HSR and CPHGC to enter into a three-month agreement for coal supply and paid in PKR for Afghan/ spot market coal on October 9, 2022 together with CPPA-G and NPCC instead of monthly coal supply agreement.
Thus, in this regard the company has sought Authority’s approval and also wants to seek regulator’s approval as the company is procuring coal based on the criteria of one-month basis and has already been awarded Nepra’s approval in this regard; however, the company suggests that the criteria should be adjusted for three-month long-term coal supply without specifying the origin of the coal.
According to the new criteria suggested by the company, the bid price will carry 75 marks instead of 60 marks.
Financial strength will be 10 marks instead of 15, contract compliance will be 5 marks as compared to 10 marks, experience of past one year, 10 marks as compared to 13 marks, and experience to plant 0 in place of 2 marks.
The company maintained that penalties/liquidity damages that are imposed under the agreement are to protect the power plants’ equipment.
Thus, it should be allowed by Nepra to the plant and not be deducted in calculating the fuel price adjustment.
If two bidders get the same total weighted marks, the one with more experience be first priority.
Moreover, if the three-month approval is granted to the company, it would also like Nepra to cater for the following: (i) what would be indexation mechanism for price with three months long-term coal supply; (ii) how would the Authority cater to the fact that if during the said three months period the price of South African coal is cheaper than Afghan coal; (iii) The company has suggested that the API-46000 index should be referred by authority for comparison of South African coal and Afghan coal/spot market on MMBTU basis; (iv) the benchmark exchange rate used for the comparison of Afghan coal/ sport purchase; and (v) the bidding period/ process involved in the purchase of Afghan coal/spot purchases.
The company has requested Nepra to set up one transparent guideline for bidding process. Moreover, HSR will not start the new round of bidding process for three months, until it gets the written approval of the Authority.
Source: Business Recorder
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Tuesday, 26 July 22
WILL SOUTH AMERICA’S WINTER DEMAND DRAW LNG CARGOES AWAY FROM EUROPE? - ICIS
South America is now in the middle of its winter demand season. Last year the region increased its share of global LNG imports in winter, with Braz ...
Monday, 25 July 22
GLOBAL 2021 COAL-FIRED ELECTRICITY GENERATION SURGES TO RECORD HIGH - REUTERS
By contrast, mine output was still fractionally below the record set between 2012 and 2014 because older and less efficient coal generators have be ...
Saturday, 23 July 22
THE EU HAS BEEN REDUCING IMPORTS OF RUSSIAN REFINED OIL PRODUCTS SINCE MARCH - BANCHERO COSTA
The European Union could now ban the import and transit of fuel oil from Russia around six months ahead of the planned deadline, an EU official and ...
Saturday, 23 July 22
INDONESIA CONSIDERING SCRAPPING DOMESTIC SALES RULE FOR PALM OIL EXPORTS - REUTERS
Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding ...
Saturday, 23 July 22
STABILITY OF RUSSIAN GAS FLOWS REMAIN UNCERTAIN, DESPITE THE REOPENING OF NORD STREAM - WOOD MACKENZIE
Gazprom confirmed today that regular annual maintenance of Nord Stream is officially over and gas flows restarted at 63 million cubic metres per da ...
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- New Zealand Coal & Carbon
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- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Planning Commission, India
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- The State Trading Corporation of India Ltd
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- Trasteel International SA, Italy
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- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
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- CNBM International Corporation - China
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- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
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- McConnell Dowell - Australia
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- Electricity Authority, New Zealand
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- Australian Coal Association
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- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
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- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
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- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
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- Petron Corporation, Philippines
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- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
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- Sinarmas Energy and Mining - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
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- Global Business Power Corporation, Philippines
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- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- The University of Queensland
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
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- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
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- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
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- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
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- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
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- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
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- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
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- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
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- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
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- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
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- Ministry of Finance - Indonesia
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